Question

Mr. Varun who owns a multi chain company would like to take an insurance. What will be the bestoption for him from the following ?
He can take Surety insurance
He can take Business Partner insurance
He can take Key man Insurance
He Can take company insurance

Answer 1

he can take company insurance.

Answer 2

Solution: The best option for Mr. Varun, the owner of multi Chain Company is that he should take key man insurance.

Key man insurance is the policy in which the proposer and the premium payer is the employer.

The key man is the key person is the important person on whose death; employer receives the amount to compensate with the losses.